Eaton Vance Tax-Advantaged Bond and Option Strategies Fund reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the fund had net investment income of $258,765 or $0.025 per common share. In comparison, for the three months ended December 31, 2013, the fund had net investment income of $204,111 or $0.019 per common share. Net realized and unrealized losses for the three months ended December 31, 2014 were $5,967,030 or $0.576 per common share against net realized and unrealized losses for the three months ended December 31, 2013 were $3,131,499 or $0.297 per common share. Net decrease in net assets from operations was $5,708,000 or $0.551 per share against $2,927,000 or $0.278 per share a year ago.

For the year, the fund had net investment income of $920,619 or $0.088 per common share. For the year ended December 31, 2013, the Fund had net investment income of $772,637 or $0.073 per common share. Net realized and unrealized gains for the year ended December 31, 2014 were $2,039,405 or $0.184 per common share against net realized and unrealized losses for the year ended December 31, 2013 were $14,390,323 or $1.363 per common share. The net asset value per common share as on December 31, 2014 was $14.20 against $15.30 as on December 31, 2013. Net increase in net assets from operations was $2,960,000 or $0.272 per share against decrease of $13,617,000 or $1.290 per share a year ago.